New South Wales 2017-18 State Budget

The NSW 2017-18 State Budget has been handed down by Treasurer Dominic Perrottet. A budget surplus of $12B has been the big headline, but there were a number of other key announcements in grants and assistance.

Jobs and Small BusinessJobs for NSW is the Government’s continued commitment of $190 million to support jobs, and $96M investment in this budget will see two key components. Firstly, $25 million to launch a co-investment vehicle with the private sector to make equity investments in growth companies across New South Wales and secondly $20 million to develop a site in the Sydney CBD where start-up incubators and accelerators will co-locate to foster collaboration and create jobs.

There will be $759M in skills development and training programs through TAFE NSW and other providers including $65 million over three years for a Youth Employment program and initiatives totalling $30.5 million to support business advisory services, help reduce red tape and drive innovation